SOXX 47% profit on 2nd COVID-19 market dropLong -term investment idea for ETF SOXX on potential 2nd COVID-19 market drop. SOXX 47% profit / Long trade 182.98 -> 269.57 / TrailStop 26.32 (Trailing Stop with _ below the market). Profit: 47%, Risk: 23.5%, Risk ratio = 1/2 Allocation: 15% of the portfolio All equities from our ideas was fundamentally checked and have good ratios (P/E, Debt/Equity, Sales past 5Y, Profit Margin) together with strong long-term up trends. Stay tuned with more ideas and market signals with our Telegram-bot.Longby RichSimonPublished 1
$SOXX - Keeping the price inside the yellow Channel is ok, butWith breaking the lower side, 243.19 is a critical support. Good-luck Not for a suggestion.by Samuel12_1980Published 2
Short SOXXCrossed above ATR, likely to go down. See strategy results!Shortby BullBearBeckhamPublished 5
LONG SOXX - Levels to WatchNow I'm at what appears to be strong resistance. Needs to close above red line for long thesis to continue. Otherwise, I'm expecting a pullback down to the dotted line. Passing through the dotted line my stoploss triggers.by BullBearBeckhamUpdated 4
SOXX / SPY with moving averages for market timingBuy at golden cross, sell at death cross using the 200 SMA and 50 SMA daily.by pyrrhotechPublished 0
Sector: Semiconductor. (Timing the Bottom w/ trailing stoploss)ATR Based Trailing StoplossLongby BullBearBeckhamUpdated 1
Critical point: Semis hanging onmy indicators are generally signaling sell but this volume analysis looks like there's enough for the buyers to hold on. Potentially a good dip to buy. An open below 247 could signal a move down to 234. by BullBearBeckhamUpdated 8
Trend lines to watch on SOXXSOXX is near its first buy level at the upper blue trend line. I am taking a small position here, and I will triple the position if it reaches the lower blue trend line. SOXX is a great investment to buy and hold for the long term, having pretty consistently outperformed the S&P 500. However, coronavirus is a real concern, because semiconductor companies sell a lot to China and the virus is disrupting that trade. I think there's a good chance this will drop to at least the second trend line.Longby ChristopherCarrollSmithPublished 16
SOXX looks strong ahead of Phase 1 trade dealSOXX got a little out of hand last year, surging to new highs despite a minor earnings recession in the sector. However, the dividend yield has continued to improve over that period, and the outlook for the sector has fundamentally improved in 2020. According to FactSet, "At the industry level, the Semiconductors & Semiconductor Equipment industry has the highest number of companies issuing positive EPS guidance," with eight companies having issued guidance above Street expectations. That means that despite the fairly high multiple at which the sector trades, positive sentiment is only increasing early in the year. It's worth buying a small stake in this ahead of the scheduled signing of a Phase 1 trade deal Wednesday, and a larger stake if and when the price dips to any significant degree.Longby ChristopherCarrollSmithPublished 19
SOXX - ASCENDING TRIANGLESOXX ETF has been forming a nice ascending triangle since January. Using the Edwards and Magee 3% entry rule we have an entry at $227.48 a measured price target of $279.89 and an entry stop at $204.06 giving us a R/R of +52.41by westcoasttraderUpdated 3